The country shows a tremendous growth due to the military triumph of the current ruling government. The Sri Lankan Economy has grown to 8.3% in 2011 which is the highest economic growth rate post-independence history. The growth has been sustained to a momentum of over 8% for the first time in two consecutive years. The growth was largely triggered by the consumption and investment boom following the restoration of peace. ADB predicts that the growth is expected to remain around 7% in 2012 and also the economy is expected to improve in 2013 with a better global economic outlook and growth driven mainly by domestic and foreign investment. Due to the overall developments in the economy, specifically the tourism sector, hotel and leisure industries, construction industry, services sector and manufacturing industries the country showing drastic growth.
The “Tourism Development Strategy 2011-2016” that was launched on 06th September 2011 under the patronage of Basil Rajapaksa, Minister of Economic Development, would ensure a great hike in the number of tourist entering the market. This would ultimately have positive impacts on the bottom-line of the investors who invest in the tourism, real estate and related hospitality industry of Sri Lanka.